Norwood : Change of Director's Interest Notice x 2

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

For personal use only

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Norwood Systems Limited

ABN 15 062 959 540

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Paul Ostergaard
Date of last notice	11 February 2022

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Paul Frederick Ostergaard
(including registered holder)	A/C>
Note: Provide details of the circumstances giving rise to the relevant	Trustee and beneficiary
interest.
	Netwealth Investments Limited
	a/c> (Chill Cast Super Fund a/c)
	Beneficiary
Date of change	15 June 2022
No. of securities held prior to change	1. Paul Frederick Ostergaard
	A/C>
	25,090,460 ordinary Shares
	2.	Ocean Broadband Ltd
		2,647,480 ordinary shares
	3.	Netwealth Investments Limited <>
		Services a/c> (Chill Cast Super Fund a/c)
		4,934,409 ordinary shares
	4. Paul Ostergaard
		500,000 ordinary shares

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

	Class	Ordinary Fully paid Shares
		Options exercisable at 2.4cents expiring
only		31/12/2023
Number acquired	3,333,333 Ordinary Fully paid Shares
	3,333,333 Options exercisable at 2.4cents
		expiring 31/12/2023
		Transferof 1,000,000 Ordinary Fully Paid Shares
		from Paul Frederick Ostergaard <>
		Family A/C> to Netwealth Investments Limited
		(Chill Cast Super Fund a/c)
use	Number disposed	-
	Value/Consideration	Ordinary Fully paid Shares - 1.5 cents each
	Note: If consideration is non-cash, provide details and estimated	Options	exercisable	at	2.4cents	expiring
	valuation
	31/12/2023 - Free attaching, one free option for
		every one share subscribed for under the non-
personalFor		renounceable rights issue entitlement prospectus
	dated 5 May 2022.
	Transfer of 1,000,000 Ordinary Fully Paid Shares
		- 2.4 cents each (at cost)
	No. of securities held after change	1.	Paul	Frederick	Ostergaard <>
			Family A/C>
			27,423,793 Ordinary Fully paid Shares
			3,333,333	Options	exercisable	at 2.4
					cents expiring 31/12/2023
		2. Ocean Broadband Ltd
			2,647,480 ordinary shares
		3.	Netwealth	Investments Limited	<>
		Services a/c> (Chill Cast Super Fund a/c)
			5,934,409 ordinary shares
		4. Paul Ostergaard
			500,000 ordinary shares

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y

Change of Director's Interest Notice

Nature of change	2,215,153 Ordinary Fully Paid Shares & 2,215,153
Example: on-market trade, off-market trade, exercise of options,	Options exercisable	at	2.4cents expiring
issue of securities under dividend reinvestment plan, participation in	31/12/2023 subscribed for under the non-
buy-back
	renounceable rights issue entitlement prospectus
	dated 5 May 2022.
	1,118,180 Ordinary Fully Paid Shares & 1,118,180
	Options exercisable at 2.4cents expiring
	31/12/2023, subscribed for in accordance with
	the	Underwriting	and	sub-underwriting
	agreement.
	Transfer from Paul Frederick Ostergaard
	to Netwealth
	Investments Limited (Chill
	Cast Super Fund a/c) completed by OMT

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	-
Nature of interest	-
Name of registered holder	-
(if issued securities)
Date of change	-
No. and class of securities to which	-
interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired	-
Interest disposed	-
Value/Consideration	-
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	-

Part 3 - +Closed period

Were the interests in the securities or contracts detailed No above traded during a +closed period where prior written

clearance was required?

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3

For personal use only

Appendix 3Y

Change of Director's Interest Notice

If so, was prior written clearance provided to allow the trade	n/a
to proceed during this period?
If prior written clearance was provided, on what date was this	n/a
provided?

+ See chapter 19 for defined terms.

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Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	Norwood Systems Limited
ABN	15 062 959 540

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Dr John Tarrant
Date of last notice	10 February 2022

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest	Balmain Resources Pty Ltd
(including registered holder)	(Sole Director and Sole Shareholder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	15 June 2022
No. of securities held prior to change	1. Balmain Resources Pty Ltd
	12,851,631 Ordinary Fully Paid Shares
	2. Dr John Tarrant
	5,000,000 Unquoted Options exercisable at
	2.4 cents expiring 08/02/2025
Class	Ordinary Fully paid Shares
	Options exercisable at 2.4cents expiring
	31/12/2023
Number acquired	14,980,270 Ordinary Fully paid Shares
	14,980,270 Options exercisable at 2.4cents
	expiring 31/12/2023
Number disposed	-

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1